Replies to post #10779 on Veltex Corporation (VLXC)

[pual]

Valid Hypothesis. However, my view is that these options do carry voting rights, are generally owned by Matin and this is how he keeps full control of the company, notwithstanding the number of shares he issued buying assets.

If so, Matin will may convert or exercise them but I very much doubt he would let go of them.

Just another hypothesis.

[george8]

Robert:

Excellent observation. The selling and distribution of VLXC shares around $1.3-$1.7 was relentless and fearless.

I'd have done the same all day and all week if I knew I am selling shares from $1 or less, especially if my supply can be replenished easily at much lower cost. In VLXC's case, Matin basically can do whatever pleases him, can't he? After all, VLXC is practically his own private company.

Market always makes sense somehow. We just need to learn to understand.

George